Noteholder Direction definition

Noteholder Direction has the meaning set forth in Section 7.6(a) of the Indenture.

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Noteholder Direction means any notice of Default, notice of acceleration or instruction to the Trustee to provide a notice of Default, notice of acceleration or take any other action.

Noteholder Direction has the meaning specified in Section 5.02.

Examples of Noteholder Direction in a sentence

The Trustee shall have no liability for ceasing to take any action, staying any remedy or otherwise failing to act in accordance with a holder direction during the pendency of Litigation or a Noteholder Direction after a Verification Covenant Officer’s Certificate has been provided to it but prior to receipt of a Covenant Satisfaction Officer’s Certificate.
In addition, each Directing Holder is deemed, at the time of providing a Noteholder Direction, to covenant to provide the Company with such other information as the Company may reasonably request from time to time in order to verify the accuracy of such ▇▇▇▇▇▇’s Position Representation within five Business Days of request therefor (a “Verification Covenant”).
The Trustee shall have no liability to the Company, any holder or any other person in acting in good faith on a Noteholder Direction.
Notwithstanding anything in the preceding two paragraphs to the contrary, any Noteholder Direction delivered to the Trustee during the pendency of an Event of Default as the result of a bankruptcy or similar proceeding shall not require compliance with the foregoing paragraphs.

More Definitions of Noteholder Direction

Noteholder Direction has the meaning assigned to such term in Section 7.05.

Noteholder Direction has the meaning specified in Section 502(2).

Noteholder Direction has the meaning set forth in Section 5.03(a) of this Supplemental Indenture.

Noteholder Direction has the meaning assigned to it in Section 6.02(d).

Noteholder Direction means, in each case, a direction in writing by the holders of at least one-fifth of the Aggregate Nominal Amount of the Notes outstanding, or a direction by an Extraordinary Resolution of the Noteholders.

Noteholder Direction means (a) except as otherwise provided in any Series Supplement in relation to a series of Notes, in respect of an action to be taken or a power to be exercised by holders of notes of a series and which action or power relates solely to such series (i) a direction by holders of notes of such series representing more than 50% of the principal amount of the notes then outstanding of such series which are properly represented at a duly constituted meeting of the holders of such notes or (ii) a direction pursuant to an instrument in writing signed by the holders of the notes of such series representing more than 50% of the principal amount of the notes then outstanding of such series, provided, however, that, in respect of a series of Notes, the percentages mentioned in (i) and (ii) immediately above in this definition shall each be 66 2/3% as opposed to 50%; and provided further that with respect to the waiver of the commencement of the Amortization Period the percentages mentioned in (i) and (ii) immediately above in this definition shall each be 66 2/3% of the aggregate outstanding principal amount of each of the Senior Notes and Subordinated Notes of such series and (b) in respect of an action to be taken or a power to be exercised by holders of notes of more than one series of Notes and which action or power relates to more than one series (i) a direction by holders of notes of all applicable series representing on an aggregate basis more than 50% of the principal amount of the notes then outstanding of all applicable series which are properly represented at a duly constituted meeting of the holders of the notes of all applicable series or (ii) a direction pursuant to an instrument in writing signed by the holders of notes of all applicable series representing on an aggregate basis more than 50% of the principal amount of the notes then outstanding of all applicable series;‌

Noteholder Direction means, except as otherwise provided herein, (i) a direction by the Noteholders representing more than 50% of the aggregate unpaid principal amount of the Notes then outstanding represented at a meeting of the Noteholders called for the purpose of providing such direction in accordance with Article Eleven or (ii) a direction pursuant to a document or documents in writing signed by the Noteholders then outstanding in accordance with Section 11.15 hereof;